Inflation in Finland
Finland - Harmonized Inflation
Inflation stable for fifth month running in December
Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months. Looking at the details of the release, the print reflected higher prices for transport and restaurants and hotels. However, those were partly offset by lower prices for clothing and footwear.
Inflation came in at 0.2% in December, matching November’s reading. Meanwhile, the trend pointed downwards, with annual average inflation coming in at 0.3% in December, from November’s 0.4% print. Lastly, harmonized inflation came in at 0.2% in December, matching November’s print.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2021, which is unchanged from last month’s estimate. In 2022, our panelists see inflation averaging 1.5%.
Finland - Harmonized Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | -0.2 | 0.4 | 0.8 | 1.2 | 1.1 |
Finland Harmonized Inflation Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 3.70 % | Dec 30 |
| Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Economic activity contracts at softest pace in ten months in November
January 15, 2021
Economic activity dropped 0.4% year-on-year in working-day adjusted terms in November, following the 1.8% fall recorded in October (previously reported: -1.9% year-on-year).
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Finland: Inflation stable for fifth month running in December
January 14, 2021
Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months.
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Finland: Current account swings to deficit in November
January 12, 2021
The current account recorded a EUR 0.1 billion deficit in November, swinging from the EUR 0.3 billion surplus recorded the same month last year and from the EUR 0.4 billion surplus clocked in October.
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Finland: Contraction in economic activity softens in October
December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
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Finland: Inflation remains stable in November
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.
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